We identify a threshold control and establish its optimally using an approach that incorporates dynamic programming arguments into stochastic intensity control.

A simple assembly system consists of two subassembly cells. One unit produced from each cell is required to assemble a product. The production processes at ...

The optimal production control is a state dependent base-stock policy and the optimal price adjustment is given by a threshold switching policy, ...

A simple assembly system consists of two subassembly cells. One unit produced from each cell is required to assemble a product. The production processes at ...

This article considers the production and admission control decisions for a two-stage manufacturing system where intermediate components are produced to ...

This article considers the production and admission control decisions for a two-stage manufacturing system where intermediate components are produced to stock ...

Oct 22, 2024 · For production, we show that the optimal policy for each item is a state-dependent base-stock policy with the base-stock level non-increasing in ...

TECHNICAL NOTE—Optimal Control of an Assembly System with Multiple Stages and Multiple Demand Classes · Production and Inventory Control of a Single Product ...

Dec 26, 2010 · We consider the production and admission control of a two-stage manufacturing system where intermediate components are produced to stock in the ...

Oct 22, 2024 · Conditions are found under which certain simple controls are optimal using stochastic coupling arguments. ... We model the joint admission control ...